CUPE ONTARIO

• CUPE Ontario calls for review of OMERS’ investment processes after pension manager posts a 2.7-per-cent loss in 2020 February 26, 2021
  Article by Andrew Willis, The Globe and Mail Pension plan OMERS turned in a 2.7-per-cent loss on its investments in 2020 as the pandemic weighed down returns from its holdings in shopping malls, a theatre chain and other consumer-facing businesses. Assets of Toronto-based OMERS declined by $3-billion last year to $105-billion after the plan posted […]
  Jessica Gale
• “We won’t pay for the mistakes of OMERS executives”: CUPE Ontario February 25, 2021
  JTNDZGl2JTIwY2xhc3MlM0QlMjJmYi1saWtlJTIyJTIwZGF0YS1ocmVmJTNEJTIyaHR0cHMlM0ElMkYlMkZmYWNlYm9vay5jb20lMkZjdXBlb250YXJpbyUyMiUyMGRhdGEtbGF5b3V0JTNEJTIyc3RhbmRhcmQlMjIlMjBkYXRhLWFjdGlvbiUzRCUyMmxpa2UlMjIlMjBkYXRhLXNpemUlM0QlMjJsYXJnZSUyMiUyMGRhdGEtc2hvdy1mYWNlcyUzRCUyMnRydWUlMjIlMjBkYXRhLXNoYXJlJTNEJTIyZmFsc2UlMjIlM0UlM0MlMkZkaXYlM0U=TORONTO, ON – CUPE Ontario is calling for increased scrutiny of today’s announcement by the Ontario Municipal Employees Retirement System (OMERS) that the pension fund lost more than $3 billion last year. This represents a shortfall of more than $10 billion compared to their own benchmark returns for 2020. OMERS manages more than $100 billion […]
  ddadgari